Unbelievable! Ok, now we understand better why the commodity market is so unusually tame, especially the softs which have been weak all summer…By definition a soft commodity is a commodity such as coffee, cocoa, sugar, corn, wheat, soybean and fruit. This term generally refers to commodities that are grown, rather than mined, drilled for or raised such as animals. So now you know.

As we approach the end of August, there have been no Atlantic hurricanes. But by this date in the year 1886, there had already been seven hurricanes – including three major hurricanes, one of which wiped the city of Indianola, Texas off the map.